The stock market rally finally suffered substantial losses Thursday as the 10-year Treasury yields continue to rise. So, do we find ourselves staring down the barrel of a broad stock market retreat or a sector rotation? | | | | There may be a new technological breakthrough on the horizon…
Jeff Bezos is selling off $1 billion of his Amazon ownership every year so he can get a piece of this new opportunity…
When the smartest billionaires and biggest companies are quietly investing in a specific sector… It might be safe to assume that it could be a good investment...
We have uncovered all of the details behind this exciting new opportunity… | | | | | James West, CEO Midas Letter.
James West is a professional trader and a successful entrepreneur with over 10 years of experience in the financial markets. | | | | | |  | The stock market has been suffering heavy losses recently. What is concerning is the 10-year interest rate pushing ever higher. Although Fed chief Jerome Powell didn't seem overly concerned and gave no indication about policy changes to supplement the rise.
The S&P 500, Dow Jones, and Nasdaq all finished below previous lows as hedge funds are repositioning their portfolios and markets are trading out of "stay-at-home" stocks in favor of "going-out" stocks.
There are a few safe havens currently: mining and even travel stocks.
With sentiment in markets looking the most fearful in recent times, investors should be acting cautiously. Now is not the time for growth stocks or to be a hero. ETFs and cash are the best routes of action.
The market needs to reestablish a clear uptrend before the trouble is over.
Watch the full interview here to see what to trade in recent market conditions.
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